Those of us who are friendly to decentralized market processes and are skeptical of centralized intervention in the market often speak about unintended consequences of intervention. The idea of unintended consequences is important, but it also comes in a few different degrees and forms worth unpacking. For now, I want to elaborate and expand on the varieties of unintended consequences – I’ll discuss some implications of these distinctions in a future post. I’ve often heard the terms “unintended consequences” and “unanticipated...